Looking Into Walgreens Boots Alliance's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance's (NYSE:WBA) short percent of float has fallen 10.53% since its last report, with 30.40 million shares sold short, which is 4.25% of all regular shares available for trading. It would take traders 4.65 days to cover their short positions on average. The company's short interest is less than its peer group average of 11.23%.
July 05, 2023 | 2:16 pm
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Walgreens Boots Alliance's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish. However, this does not necessarily mean the stock price will rise in the near term, as other factors can also influence stock price.
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RELEVANCE 100